The al aqar reit invested in 6 hospitals with the market value of the properties estimated at usd8mln. In particular, the content does not constitute any form of advice, recommendation, representation, endorsement or arrangement by ft and is not intended to be relied upon by users in making or refraining from making any specific investment or other decisions. Practice and prospect of islamic real estate investment trusts i. Regulating the islamic capital market redmoney events. The purpose of this paper is to examine the performance of 19 malaysian real. How to invest in reit malaysia definitive guide 2020. Al aqar healthcare reit al aqar was listed on 10 august 2006 under its former name. Al aqar healthcare real estate investment trust is a malaysiabased company. A real estate investment trust, or just reit for short, is security investment vehicle that invests in real estate. Supplement to the prospectuses and summary prospectuses for.
Exact name of registrant as specified in its charter maryland. Alaqar kpj reit operates as an islamic real estate investment trust in malaysia. Al aqar kpj reit alaqar, 5116 is listed on bursa malaysia, klse. Then, on the following year, another islamic reits was introduced on 8th february 2007. Al aqar healthcare reit has set many milestones, amongst others, the worlds first listed islamic reit, asias first islamic healthcare reit and a benchmark for the development of islamic reits in malaysia, as well as in the region. Islamic real estate investment trust as an investment asset for waqf management in indonesia. The alaqar reit invested in 6 hospitals with the market value of the properties estimated at usd8mln. Alaqar kpj reit fundamental company report including. The first islamic reit in the world was malaysiabased alaqar kpj reit. According to the areit prospectus, investors in areit will be able to enjoy yields forecast at 8% or more, based on conservative rental and occupancy assumptions.
Alaqar healthcare reit is supported by kpj healthcare berhad. The first islamic reit real estate investment trust in the world was malaysiabased al aqar kpj reit, launched on june 2006. It primarily invests in the syariahcompliant real estate and syariah compliant real estaterelated assets that are us. Alaqar healthcare reit is a malaysianbased real estate and investment trust, established on 28 june 2006 pursuant to the execution of a trust deed dated 27 june 2006 between the manager drmsb, and the trustee amanahraya trustees berhad. This information must be preceded or accompanied by a prospectus in order to understand fully all of the implications and risks of the offering. Reit ppm ppm for reit real estate investment trust ppm services s team is the global leader in writing real estate ppms for reits. The pearnings ntm ratio of alaqar healthcare reit is significantly lower than the average of its sector speciality reits. Background of alaqar healthcare reit on 28th june 2006, the first islamic reit called alaqar kpj reit was released. Malaysia introduced a second islamic reit in the subsequent year when on 8th february 2007, alhadaharah boustead reit, listed on the main board of bursa malaysia. Launch of alhadharah boustead reit prospectus at the royale bintang hotel, jan.
Please download the free adobe acrobat reader to view these documents. Alaqar kpj reit initial investment were six hospitals valued at usd 8 million. Click on the orange rss button to go to the subscribe page. Any representation to the contrary is a criminal offense. Pdf in an attempt to deepen the financial sector, the government of. Pdf islamic real estate investment trust as an investment asset. Subscribe to our rss feeds and get the latest bursa malaysia news delivered directly to your desktop. The company invests in properties with the primary objective of providing unit holders with stable distribution and potential for sustainable long term growth of such distribution and capital appreciation. The pearnings ntm ratio of al aqar healthcare reit is significantly lower than the average of its sector speciality reits. P was established in 1997 by a group of shareholders, companies and individuals with variety of experience. Size of bubble represents value of free float of each mreit. Alaqar healthcare real estate investment trust is a malaysiabased company. Ghosh c nag r sirmans c f 1999 an analysis of seasoned equity.
Alaqar healthcare reit the fund is a malaysiabased real estate investment trust. At that time, it had an initial portfolio of 6 properties valued at rm 461. Al aqar kpj reits pretax profit for the second quarter ended june 30, 2011 rose to rm11. It owns six private hospitals in malaysia operated by its parent company, kpj healthcare bhd.
The second islamic reit was also malaysiabased, al hadaharah boustead reit, with initial investment in palm oil plantation estates valued at usd 6 million and was launched on february. These six properties are valued at rm481 million but are injected into the reit at rm461. Kl stock quote, history, news and other vital information to help you with your stock trading and investing. Growth analysis of al aqar healthcare reit 5116 mys the growth score is a relevant measure for the assessment of a stock attractiveness. Al aqar healthcare reit operates as a malaysian domiciled islamic real estate investment trust.
Table 1 comparison between conventional and islamic reits. Aqar kpj reit we, the syariah committee member for al aqar kpj reit are responsible to ensure that the procedure and the workflow process which carried out by the manager of al aqar kpj reit that is damansara reit managers sdn berhad are in compliant with the principles of syariah which has been defined in the trust deed. Alaqar healthcare reit has set many milestones, amongst others, the worlds first listed islamic reit, asias first islamic healthcare reit and a benchmark for the development of islamic reits in malaysia, as well as in the region. It operates through the malaysia, and australia geographical segments. The second islamic reit was also malaysiabased, alhadaharah boustead reit, with initial investment in palm oil plantation estates valued at usd 6 mill. About al aqar healthcare reit al aqar healthcare reit is a real estate investment trust. According to the a reit prospectus, investors in a reit will be able to enjoy yields forecast at 8% or more, based on conservative rental and occupancy assumptions. The growth score for al aqar healthcare reit is higher than its peer groups. Practice and prospect of islamic real estate investment. This prospectus contains financial data for the fund through the fiscal year ended january 31, 2019. Alaqar kpj reit is dealing with reits, located at lot g 1214 lvl 5 blk gnorth pusat bdr damansara 50490 klumpur malaysia, contact 60320953252.
Annual report 2018 alaqar healthcare reit malaysiastock. The first islamic reit real estate investment trust in the world was malaysiabased alaqar kpj reit, launched on june 2006. This is neither an offer to sell nor a solicitation of an offer to buy resource real estate opportunity reit. It was listed on the main board of bursa malaysia on 10 august 2006. Reit offering memorandum offering memorandum for reit real estate investment trust services s team is the global leader in writing real estate offering memorandums for reits. Annual report 2016 alaqar healthcare reit malaysiastock. As filed with the securities and exchange commission on may 31, 2016 registration no. Al aqar healthcare reit is supported by kpj healthcare berhad. Property developers like sunway group are the common shareholders and owners of reits sunway reit as they. P was established in 1997 by a group of shareholders, companies and individuals with variety of. The trust invests in hospitals and other buildings related to the health tourism industry. Aqar kpj reit recently received the islamic finance award for the most. About alaqar healthcare reit alaqar healthcare reit is a real estate investment trust. Al aqar healthcare reit is a real estate and investment trust, which engages in investing in the shariahcompliant properties for commercial purposes.
The company valuation of alaqar healthcare reit according to these metrics is way below the market valuation of its peer group. Pdf islamic real estate investment trust as an investment. Its activity is investing in syariahcompliant properties with the primary objective of providing unitholders with distribution and potential for sustainable longterm growth of such distribution and capital appreciation. Company filings, bloomberg as of 30 september 2010 note. Al aqar kpj reit initial investment were six hospitals valued at usd 8 million. Alaqar kpj reit was the first islamic reits listed on the main board of malaysian bourse and believed to be the world. You can find the company financial results, quartery results for the past 5 years on bursa insights. Supplement to the prospectuses and summary prospectuses. Malaysia introduced a second islamic reit in the subsequent year when on 8th february 2007, al hadaharah boustead reit, listed on the main board of bursa malaysia. Prospectus dated 17 july 20 registered with the monetary authority of singapore on 17 july 20. Shldrs int section 8 of ca 2016 employees provident fund board.
Introduction the board of directors of damansara reit managers sdn berhad, the manager of. This document comprises a prospectus relating to supermarket income reit plc the company prepared in accordance with the prospectus rules of the financial conduct authority the fca made under section 73a financial services and. Islamic reits in malaysia a al aqar kpj reit alaqar alaqar is the first islamic reit ipo in the world. The funds objective is to provide unitholders with stable distributions per unit and the potential for sustainable longterm growth of suc h distributions and net asset value per unit.
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